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Businesswire - Latest News [Page 102]
MARKET CLOSE: NZ shares gain; PGW, Pike, APN rise
Wednesday, 21 April 2010, 6:08 pm | Businesswire
April 21 (BusinessWire) – New Zealand shares rose for a second day, with Pike River Coal Ltd. and PGG Wrightson Ltd. benefiting from capital and shareholder activity. APN News & Media Ltd. led the advance. More >>
Rural Portfolio sells half of Wrightson stake
Wednesday, 21 April 2010, 4:56 pm | Businesswire
Rural Portfolio sells half of Wrightson stake for $27 mln to repay debt, boost escrow account More >>
Valuation assumptions vital to IFRS compliance
Wednesday, 21 April 2010, 4:46 pm | Businesswire
April 21 (BusinessWire) - Too many listed issuers are failing to include the assumptions they're using when writing down the value of assets or determining fair value for financial instruments, says the Securities Commission in its latest Review of Financial ... More >>
Pike River gets first $10 million away no trouble
Wednesday, 21 April 2010, 1:14 pm | Businesswire
April 21 (BusinessWire) - Pike River Coal Ltd. had "strong support" for the placement today of $10 million in new stock with institutional investors and cornerstone shareholders New Zealand Oil & Gas Ltd. and Gujarat NRE Ltd. of India. More >>
Hart bundles packaging assets, loads debt into RGH
Wednesday, 21 April 2010, 1:01 pm | Businesswire
April 21 (BusinessWire) - Reclusive kiwi billionaire Graeme Hart appears to be preparing his global packaging business, Reynolds Group Holdings, for sale, announcing plans for RGH to raise US$1.75 billion in new debt to acquire other parts of Hart's Rank ... More >>
NAB to challenge ACCC knockback on AXA bid
Wednesday, 21 April 2010, 12:53 pm | Businesswire
April 21 (BusinessWire) - National Australia Bank is signalling it will take Australia's competition watchdog to court rather than try to restructure its rival offer for the Australian and New Zealand assets of AXA Pacific Holdings, which the regulator ... More >>
NZ dollar holds above 71 US cts
Wednesday, 21 April 2010, 9:33 am | Businesswire
April 21 (BusinessWire) – The New Zealand dollar held above 71 U.S. cents amid another bullish outlook on the Australian economy from the Reserve Bank of Australia, and more upbeat earnings in the U.S., which stoked investors’ appetite for higher-yielding, ... More >>
Stocks to watch: Telecom, Air NZ, Allied Farmers
Wednesday, 21 April 2010, 9:28 am | Businesswire
April 21 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
While you were sleeping: Up and away on earnings
Wednesday, 21 April 2010, 7:45 am | Businesswire
April 21 (Business Wire) - Strong earnings and a rebound in commodities prices helped pace equities higher in Europe and on Wall Street in overnight trading. More >>
MARKET CLOSE: NZ shares gain; NPX, NZO, Pike rise
Tuesday, 20 April 2010, 5:56 pm | Businesswire
April 20 (BusinessWire) – New Zealand shares snapped a three-day slide, led by Nuplex Industries and Pan Pacific Petroleum, after better economic news and corporate earnings in the U.S. and easing concerns about Goldman Sachs Group’s fraud charges. More >>
Fonterra exposure appeals to AMP Capital
Tuesday, 20 April 2010, 4:52 pm | Businesswire
April 20 (BusinessWire) – AMP Capital Investors, which manages some $11 billion worth of assets in New Zealand, would welcome the opportunity to invest in a fund with direct exposure to Fonterra Cooperative Group. More >>
AMP Capital in profit-taking mode on NZ equities
Tuesday, 20 April 2010, 3:46 pm | Businesswire
April 20 (BusinessWire) – AMP Capital Investors plans to sell down its stake in equities as the pace of stock-market gains slows this year. More >>
Nufarm announces terms of A$250 mln equity raising
Tuesday, 20 April 2010, 3:46 pm | Businesswire
April 20 (BusinessWire) – Nufarm Ltd., the Australian headquartered, global agricultural chemical manufacturer, announced details of its previously flagged $250 million equity raising to strengthen its balance sheet. More >>
Pike River Coal to mine investors for more equity
Tuesday, 20 April 2010, 2:24 pm | Businesswire
April 20 (BusinessWire) – Pike River Coal Ltd. announced a $50 million equity raising package as it ramps up its hydro-mining operation and begins large-scale production to provide positive cash flow returns. More >>
NZ 1Q inflation accelerates less than expected
Tuesday, 20 April 2010, 12:00 pm | Businesswire
April 20 (BusinessWire) – New Zealand inflation accelerated less than expected in the first quarter, suggesting there’s less need for Reserve Bank Governor Alan Bollard to rush to raise interest rates this year. More >>
International equity markets boosts NZ Super Fund
Tuesday, 20 April 2010, 11:41 am | Businesswire
April 20 (BusinessWire) – The New Zealand Superannuation Fund made a 4.29% paper return, or $679 million on its $14.88 billion of investment funds last month. More >>
Joyce to consider Vodafone offer for MTR rules
Tuesday, 20 April 2010, 11:18 am | Businesswire
April 20 (BusinessWire) –Communications Minister Steve Joyce will take Vodafone New Zealand’s new on-net pricing plan under consideration when he decides whether to regulate what phone companies charge rivals for ending calls on their networks. More >>
ACCC shoots down NAB bid for AXA
Tuesday, 20 April 2010, 9:57 am | Businesswire
April 20 (BusinessWire) – Australia’s antitrust regulator has shot down National Australia Bank Ltd.’s A$13.3 billion bid for AXA Asia Pacific saying it would lessen competition in the wealth management market. More >>
Stocks to watch: AIR, Auckland Airport, AMP, FPA
Tuesday, 20 April 2010, 9:33 am | Businesswire
April 20 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar rises before CPI, Goldman fears ease
Tuesday, 20 April 2010, 9:17 am | Businesswire
April 20 (BusinessWire) – The New Zealand dollar rose ahead of figures today that are expected to show inflation is accelerating and after reports the U.S. Securities and Exchange Commission was split in its vote to pursue fraud charges against Goldman ... More >>
